Top 20 in US Stock Trading Volume: Chinese concept stocks soared, and Alibaba rose by 8.6%.

On Wednesday, NVIDIA, the top trading volume stock in the US stock market, closed 1.13% higher with a trading volume of $32.508 billion. Thus, NVIDIA's stock price rose moderately for the second consecutive trading day, after experiencing significant fluctuations for several consecutive days previously.

The selling pressure over the past month has severely hit NVIDIA's stock price. Market technical analysts are tracking key momentum indicators to look for signs to determine if there are more troubles lurking in the future.

Among the technical charts of this stock that some analysts are paying attention to, the 200-day moving average, which measures long-term momentum, was broken by NVIDIA's stock for the first time in more than two years in January.

"This is definitely a change in nature compared to the past two years," said Todd Sohn, senior ETF and technical strategist at Strategas Securities LLC. "From a tactical perspective, once the 200-day moving average starts to peak and then slopes downward, it's very difficult to remain extremely optimistic about an individual stock."

Tesla ranked second, closing 2.60% higher with a trading volume of $25.578 billion. Data released by the German Federal Motor Transport Authority (KBA) on Wednesday showed that Tesla's vehicle registrations in Germany in February 2025 were only 1,429 units, plummeting 76% year-on-year, while the registrations of electric vehicles in Germany in the same month increased by 31% year-on-year. Some analysts pointed out that Elon Musk's political stance may have led some consumers to be resistant to the Tesla brand.

In addition, Tesla sold 30,688 vehicles in China in February, a month-on-month decrease of 51.5% and a year-on-year decrease of 49.2%.

Apple ranked third, closing 0.08% lower with a trading volume of $10.998 billion. To maintain the growth momentum of its computer product line, Apple Inc. launched updated versions of the MacBook Air laptop and the Mac Studio desktop computer.

The new MacBook Air runs faster, and its built-in M4 processor, which focuses on artificial intelligence functions, is an upgraded version of the M3. The display screen is available in two sizes, 13 inches and 15 inches, with starting prices of $999 and $1,199 respectively, which are $100 lower than the M3 version. The updated laptop has an improved 12-megapixel video conferencing camera and can be connected to two external displays. A sky blue option has been added to the casing colors.

Palantir ranked fourth, closing 6.79% higher with a trading volume of $9.931 billion. Wedbush, a securities firm, said that Palantir is expected to receive more orders from the US government and maintained its "outperform" rating.

Microsoft ranked fifth, closing 3.19% higher with a trading volume of $9.248 billion. The UK antitrust regulator announced on Wednesday that Microsoft's $13 billion investment in OpenAI did not lead to a situation of "acquiring control" and there were no issues that could potentially impede industry competition, so no further intervention measures will be taken.

Amazon ranked seventh, closing 2.24% higher with a trading volume of $7.974 billion. According to media reports, Amazon has established a new team focused on artificial intelligence agents to help users and customers automate their lives. Matt Garman, CEO of AWS, said in an email that the new team will be led by executive Swami Sivasubramanian, and artificial intelligence agents have the potential to become the next multi-billion-dollar business.

MicroStrategy ranked eighth, closing 12.14% higher with a trading volume of $7.601 billion. The stock price has soared for two consecutive days, with a cumulative increase of 23% in two days.

CrowdStrike ranked ninth, closing 6.34% lower with a trading volume of $5.673 billion. After CrowdStrike released weak earnings guidance, its stock price dropped by 10%. The company said that the global information technology system failure that occurred in July 2024 had an impact on enterprises and it is still under the continuous pressure brought by this incident.

The cybersecurity software provider said it expects earnings per share of between 64 cents and 66 cents for the first quarter, while the average estimate from Factset is 95 cents. CrowdStrike expects earnings per share of between $3.33 and $3.45 this year, excluding some specific items.

Alibaba ranked 11th, closing 8.61% higher with a trading volume of $5.102 billion. On Wednesday, most popular Chinese concept stocks closed higher, and the Nasdaq China Golden Dragon Index soared by 6.4%. Among Chinese concept stocks, 21Vianet Group rose by more than 16%, Futu Holdings rose by more than 13%, Zeekr rose by more than 10%, XPeng Motors rose by more than 7%, JD.com and Pinduoduo rose by 6%, and Baidu and Bilibili rose by more than 5%.

Taiwan Semiconductor Manufacturing Company (TSMC) ranked 15th, closing 2.38% higher with a trading volume of $3.106 billion. TSMC recently announced an additional investment of $100 billion in the United States, planning to build five advanced chip factories and establish a research and development center.

Intel ranked 20th, closing 2.44% lower with a trading volume of $2.613 billion. Intel released a lineup of commercial AI PC products on Wednesday, equipped with Intel® Core™ Ultra 200V, 200U, 200H, 200HX and 200S series processors. Among them, systems equipped with Intel® Core™ Ultra 200U, 200H, 200HX and 200S series processors will be shipped by the end of March 2025. Intel vPro Fleet Services is currently in the preview stage and is expected to be officially launched for use in the coming weeks.$TSLA $NVDA $AAPL $MSFT $AMZN $MSTR $CRWD $BABA $INTC $TSM